A Cointegration Test to Verify the Housing Bubble

Housing prices in the US rose rapidly from 2000-2007Q3. Based on this evidence, the financial and general press concluded the US experienced a housing bubble. The efficient market theory denies the possibility of a bubble. This paper applies the statistical technique of cointegration to substantiate the presence of a housing bubble. The paper finds the statistical evidence consistent with the presence of a housing bubble in the period 2000-2007Q3 and not the underlying economic conditions

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Year of publication:	2015
Authors:	Arshanapalli, Bala Gangadhar
Other Persons:	Nelson, William (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Kointegration \| Cointegration \| Spekulationsblase \| Bubbles \| Theorie \| Theory \| Immobilienpreis \| Real estate price \| Immobilienmarkt \| Real estate market \| Schätzung \| Estimation

Extent:	1 Online-Ressource (9 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: The International Journal of Business and Finance Research, Vol. 2, No. 2, pp. 35-43, 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2008 erstellt
Classification:	C53 - Forecasting and Other Model Applications ; G12 - Asset Pricing ; G18 - Government Policy and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013039155